G7 Finance Ministers Hold In-Person Meeting In England Today.

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Friday, June 4th, 2021 9:39am

By Ciara Plunkett @plunkettciara

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Stock image: Pixabay

Corporation tax will be high on the agenda.

Finance minister from the G7 world's richest countries will meet in person in Oxford today.

The issue of corporation tax will be high on the agenda with ministers expected to agree on support for a global 21% minimum rate

Finance Minister Paschal Donohoe is in London to attend the first meeting of the G7 countries since the start of the Covid-19 pandemic https://t.co/BKgoBEqubX

— TheJournal.ie (@thejournal_ie) June 4, 2021

US president Joe Biden wants a the minimum rate, which is strongly opposed by Ireland whose 12.5pc rate is widely believed to anchor foreign investment in the country.

Finance Minister Paschal Donohoe has said he will hold talks on the fringes of the summit with US Treasury Secretary Janet Yellen. He will meet her in his capacity as president of the Eurogooup of eurozone finance ministers.

G7 finance ministers meet in London to broker global tax deal https://t.co/90XhseGiCG pic.twitter.com/UDBwI6jc0U

— Reuters (@Reuters) June 4, 2021

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